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Uzbekistan Temir Yollari to use investments for US$586.6m in 2014

11 December 2013

State joint stock railway company Uzbekistan Temir Yollari is planning to use investments for US$568.6 million in 2014. The resources will be directed to modernization and development of the industry. The volume of investments will grow 1.7 times compared to 2013. Uzbekistan Temir Yollari is planning to invest US$319.5 million of own resources to development of the industry. The company will also attract loan of the Fund for Reconstruction and Development of Uzbekistan (FRDU) at the size of US$173.7 million and foreign loans for US$75.4 million . Next year, the company will continue its work of constructionof new electrified railroad Angren-Pap with the length of 122.7 km. Within the project with the cost of US$1.7 billion , it is planned to utilize US$120 million in 2014. The project will help to link eastern part of Uzbekistan with other regions of the country with the railway communication. Uzbekistan Temir Yollari will also continue to realize the project on electrification of railroads Maraqand-Qarshi and Qarshi-Termez with total length of 465 km. The company will also continue its work on rehabilitation of railways and cargo cars, production of new passenger and cargo cars in 2014.